Most local governments in Oregon must prepare and adopt an annual or biennial budget (ORS Chapter 294). Schools, counties, cities, rural fire protection districts, and most special districts are all subject to the same budget provisions. The budget must be completed by June 30th, the day before the start of the fiscal year or biennial period to which it relates. Local budget forms are broken down into Municipal Corporations (LB-50), Education Districts, including School Districts (ED-50) and Urban Renewal Agencies (UR-50).